The American Hospital Association and the Federation of American Hospitals are warning President-Elect Trump and top leaders in the House and Senate that repealing Obamacare is likely to spell disaster for healthcare.

Rep. Fred Upton, R-Mich., at a press conference promoting the 21st Century Cures Act. (Photo courtesy of the House Energy and Commerce Committee)

The 21st Centuries Cure would provide the National Institutes of Health with $4.8 billion to help advance President Barack Obama's Precision Medicine Initiative, the "Cancer Moonshot" spearheaded by Vice President Joe Biden and Obama's BRAIN Initiative.

The largest healthcare-focused legislation since the Patient Protection and Affordable Care Act contains $6.3 billion in provisions that will fund federal agencies and help speed the arrival of diagnostic tools and disease therapies.

The bill allocates billions in new funding for Precision Medicine, Cancer moonshot and BRAIN initiatives and includes provisions to bring new medicines to market is also expected to pass the Senate next week.